18-July-2024
Corporate News
 
ONGC to invest Rs 2 lakh crore to achieve zero carbon emission goal, shares gain
10-Jul-2024

ONGC shares gained after the firm announced it will invest around Rs 2 lakh crore to establish renewable energy sites and green hydrogen plants in an attempt to achieve its net-zero carbon emission goal by 2038. Additionally, the state-owned firm will invest Rs 97,000 crore by 2030 to establish 5 gigawatts of renewable energy capacity, green hydrogen, biogas, a pump storage plant, and an offshore wind project.

News Source:- https://www.moneycontrol.com/news/business/markets/ongc-to-invest-rs-2-lakh-crore-to-achieve-zero-carbon-emission-goal-shares-gain-12765641.html